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economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see you. i can't see the snowcapped mountains in the background, but i'm sure they are there. >> you can't? come on. they're there. they're there. i promise. >> i believe you. >> i promise. >> i want to ask you, andrew, what is the view from davos? >> colder, by t
economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and...
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we need to have a strong economy. people need to think we have a functioning political system. we need to have frankly some credibility and not look like washington is kind of a joke, and by the way, that's a message you hear if people doubt t from the top military leaders who say our national security is very defendant on our economy, and clearly pausing to drive home an important message the white house wants out, also in the context of the hagel nomination, to be secretary of defense, the policy of the obama administration toward iran is not containment. it's to stop iran from getting a nuclear weapon. they're willing to use military force, but it was very significant he emphasize that. i don't think this committee has a lot of doubts about where kerry was on iran, but it's clearly a message the white house feels it needs to reaffirm, especially around the questions around senator hagel's statements. those are the three points i took away. >> michael crowley, thank you so much. that's going to do it for "jansing & co." we're going to continue watching this, take a quick brea
we need to have a strong economy. people need to think we have a functioning political system. we need to have frankly some credibility and not look like washington is kind of a joke, and by the way, that's a message you hear if people doubt t from the top military leaders who say our national security is very defendant on our economy, and clearly pausing to drive home an important message the white house wants out, also in the context of the hagel nomination, to be secretary of defense, the...
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can have a booming environment and the economy could take off. >>> finally, before she was the princess of wales, this previously unseen foet yoef a teenage diana pictured with adam russell, son of a former british prime minister is being auctioned off. written on the picture, not to be published. >>> your sports headlines including major college basketball upset and a fine for one of the nfl's most elite players. >>> plus, some takerible timing for one truck driver trying to beat a train. >>> take a look at what happens when you fight a fire in near zero temperatures. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-u
can have a booming environment and the economy could take off. >>> finally, before she was the princess of wales, this previously unseen foet yoef a teenage diana pictured with adam russell, son of a former british prime minister is being auctioned off. written on the picture, not to be published. >>> your sports headlines including major college basketball upset and a fine for one of the nfl's most elite players. >>> plus, some takerible timing for one truck driver...
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the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we have to debate on libya, because i've been perp x perplexed as to why t
the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state...
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which is a safety net, having government invest in the economy, build fracture of the highway system like eisenhower did. i think they're more liberal and mainstream than they've been because the right has moved so far to the right they don't want to see government doing anything. and that's not -- i don't think that's what the -- >> and this is a nonpartisan assessment. the democratic party is where they've always been. in some cases moderate than others. the republican party, however, has moved from a center right party i believe towards the rightist party much more so. >> over the last few years. it's also true this speech represented a shift for obama. just a few months ago he was in ohio competing with mitt romney who could love coal more. he wasn't talking about gun control during the campaign. now he's talking about gun control. he's started spinning forward. >> he never played the luddite role. romney talked about switching positions. went from a guy saying of course there's global warming problems to i don't believe it. right? that was a battle on the campaign between a guy
which is a safety net, having government invest in the economy, build fracture of the highway system like eisenhower did. i think they're more liberal and mainstream than they've been because the right has moved so far to the right they don't want to see government doing anything. and that's not -- i don't think that's what the -- >> and this is a nonpartisan assessment. the democratic party is where they've always been. in some cases moderate than others. the republican party, however,...
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e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> coming up, john boehner's miracle. he actually made the debt ceiling disappear today. ezra klein will explain it all next. and in the rewrite tonight, why wayne lapierre's attack on president obama last night was a crime against history. that is coming up. [ male announcer ] this is anna, her
e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood...
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how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an idea. it's been around for 80 years. we may well see come about, ed, and hopefully we will. we need speculators, but we don't want them to be overwhelming the market. >> all right, david cay johnston, thank you for your time on the "ed show." that is "the ed show." i'm ed schultz. thanks for joining us tonight. "the rachel maddow show" starts right now. good evening. >> good evening, rachel. yo
how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through...
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reforms to protect consumers and our financial system from the kind of abuse that nearly brought the economy to its knees. today, there are rules to help families. responsible families. buy a home. or send their child to college without worrying about being tricked out of their life savings. there are rules to make sure that financial firms doing the right things aren't undermined by those that don't do the right things and there are rules to end taxpayer funded bailouts once and for all. we also need cops on the beat to enforce the law. and that's why today i am nominating maryjo white to lead the securities and exchange commission and richard corduray to lead the financial protection bureau. this guy's bothering me. as a young girl, maryjo white was a big fan of the hardy boys. i was, too, by the way. >> good, good. >> as an adult, she's built a career they could only dream of. as a u.s. attorney in new york, she helped prosecute criminals and money launders. in the early 1990s, she brought down john gotti. and she brought to justice the terrorists responsible for bombing the world trade c
reforms to protect consumers and our financial system from the kind of abuse that nearly brought the economy to its knees. today, there are rules to help families. responsible families. buy a home. or send their child to college without worrying about being tricked out of their life savings. there are rules to make sure that financial firms doing the right things aren't undermined by those that don't do the right things and there are rules to end taxpayer funded bailouts once and for all. we...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> in the middle of all of those vile attacks on secretary clinton in her benghazi harings, there was one question that left a lot of people confused. it came from the tea party republican senator rand paul. >> is the u.s. involved with any procuring of weapons, buying, selling, anyhow transferring weapons to turkey out of libya. >> to turkey? i will have to take that question for the record. nobody's ever raised that with me. weapons to turkey? what? secretary clinton clearly had no clue what he was talking about. but, senator paul was so proud of his cooky question, that he went on fox news to brag about it. >> i think arms are being sold out of liby
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> in the middle of all of those vile attacks on secretary clinton in her benghazi...
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we can't continue down this road and expect a vibrant economy and jobs being created, which is the real issue. we've got to get america back to work. and the way that you do that is with real solutions that address the spending challenges that we have, in an honest and sincere way. >> let's go back to the word "compromise." are you willing to compromise? when it comes to the three levers of budgetary power here, the wlous, the senate, and the house, you only control 33% of it. are you willing to take 33% of what you want? >> we're the minority party in washington, there's no doubt about it. we're willing to talk about whatever it is that actually gets us to a solution. the problem that we've had with the democrat-controlled senate in the last two years is they haven't produced a budget, so there's no way to even talk about a compromise, as you're working with the senate, because they don't even say what they believe, what they think we have to do to solve these challenges. so this is a big step forward to force the senate to do a budget. >> let me ask you about march and the expiration
we can't continue down this road and expect a vibrant economy and jobs being created, which is the real issue. we've got to get america back to work. and the way that you do that is with real solutions that address the spending challenges that we have, in an honest and sincere way. >> let's go back to the word "compromise." are you willing to compromise? when it comes to the three levers of budgetary power here, the wlous, the senate, and the house, you only control 33% of it....
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so some optimism with the economy. look at the stock futures, the nasdaq still negative, and that has to do with apple. i know you already talked about it, where there are these two very interesting things here. they have $137 billion in cash, okay? they made $13 billion in profit. they're still selling 48 million iphones, 23 million ipads, but it wasn't good enough. the stock down 10%. but they could buy the nba 14 times over. >> any company in this world that has ever had $137 billion -- >> i think absolutely not. >> but the market is interested in earnings more than in cash. and they seemed to have picked the low-hanging the fruit for the most expensive iphones and now they're selling somewhat more iphone 4s and 4ss that won't make as much money. >> and they haven't truly innovated since they lost steve jobs, so there are a lot of questions about whether they can innovate. >> i have long-term questions about that, but i think what you see happening now would happen whether steve jobs was alive or not. >> they used t
so some optimism with the economy. look at the stock futures, the nasdaq still negative, and that has to do with apple. i know you already talked about it, where there are these two very interesting things here. they have $137 billion in cash, okay? they made $13 billion in profit. they're still selling 48 million iphones, 23 million ipads, but it wasn't good enough. the stock down 10%. but they could buy the nba 14 times over. >> any company in this world that has ever had $137 billion...
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gerri: they contribute to the unravelling of the economy. how'd you come down on this? >> i'd like redemption fees and all. gerri: i don't like any fees. >> i know. with a money-market account, you're going backwards. that's the story. for all losing two, three, 4 percent three-year. that's what americans are really concerned about. gerri: the stock draw something happy, and doug e. 21st. >> but is not to love. interest rates are at a 65 year low. banks lending money. yeah first-time homebuyers back in the market buying properties at 30 to 40% discount. strike across the country and it will continue to get stronger. everything we see in the economy right now as a result of homes being rebuilt, construction and low inventory, posit for real estate. gerri: what do you say? >> us talk about a little bit of reality. we spent roughly $30 trillion of bailing out homestall bailing out mortgages, bailing out banks . the housing recovery is good. driven by tons of artificial stimulants, taxpayer dollars. gerri: is it sustainable? >> it's not if you begin to take away, if they st
gerri: they contribute to the unravelling of the economy. how'd you come down on this? >> i'd like redemption fees and all. gerri: i don't like any fees. >> i know. with a money-market account, you're going backwards. that's the story. for all losing two, three, 4 percent three-year. that's what americans are really concerned about. gerri: the stock draw something happy, and doug e. 21st. >> but is not to love. interest rates are at a 65 year low. banks lending money. yeah...
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forecast the global economy to growth 3.5%. that's down slightly from its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they have a large fiscal deficit they have to eliminate. this is tough, and so these countries have neglecnegativegoals this year. the core countries have the same problems, but not to the same extent. nothing great, between 0% and 1%, but one has to make the difference, too. things are working, and working slowly. >> tom: you talk about the peripheral of europe, greece, spain, in particular, and italy. you warn that, quote,"the risks of prolonged stagnation in the euro area as a whole will rise if the momentum for reform is not maintained." so the c
forecast the global economy to growth 3.5%. that's down slightly from its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they...
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to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things, the harder it gets. >> so put politic as side, what is the solution to this budget and debt cries snis. >> well, you remember bill clinton at the convention said arithmetic. it comes down to arithmetic. we've got this yawning gap between what the government takes in and what it
to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term...
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>> i think it is connected to the economy. >> the economy is getting better. >> listen, a lot of people are out of jobs. people feel insecure, we connection our identity with how well we're doing financially. if they are not meeting their goal, they can't own that house, they can't secure a job, their annual salary is not going up, they don't know how they are going to pay for their kids college, how can you feel good about themselves, people people there is no safety net any more. neil: there was a disconnect with those crowds in washington, whooping up and hollering at speech, a good speech. >> i don't agree with you there. neil: with trumpets after. it makes it good. but he did not address the issues that seemed to be most on the minds of folks like jobs, debt, and deficit. >> you are so right, i was furious when i hear the speech. i'm not kidding, median incomes in the country. neil: you should call her doctor. >> i'm sorry doctor. i can't call someone dr. rori that looks like my daughter, incomes have fallen 10%, that is unheard of. yet, the people, that are really being harmed by
>> i think it is connected to the economy. >> the economy is getting better. >> listen, a lot of people are out of jobs. people feel insecure, we connection our identity with how well we're doing financially. if they are not meeting their goal, they can't own that house, they can't secure a job, their annual salary is not going up, they don't know how they are going to pay for their kids college, how can you feel good about themselves, people people there is no safety net any...
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for this economy. let's to -- >> what happened in 2007 when he was in the senate -- >> i want to go back to hostess. neil, hostess had to deal with nearly 400 collective bargaining agreement west virginia the bakers unions and that amounted to 80 different healthcare plans and then 40 different pension plans, and what everybody knows and research shows is that states are on the verge of bankruptcy because they have three trillion dollars of underfunded pensions, thanks to public sector workers. >> in the case of hose success, i will say this, there were him in -- nimrods running the country, and ran it into the ground. >> doesn't help when you have to deal with 400 different -- >> might be a point about that. carolyn, he we are with wages out of walk with the wrying right to work states. how are people going to get jobs if the governments see that and realize they want cheaper jobs? >> well, neil, would argue that we have seen productivity go up and wages go down so i would challenge the fundamental fu
for this economy. let's to -- >> what happened in 2007 when he was in the senate -- >> i want to go back to hostess. neil, hostess had to deal with nearly 400 collective bargaining agreement west virginia the bakers unions and that amounted to 80 different healthcare plans and then 40 different pension plans, and what everybody knows and research shows is that states are on the verge of bankruptcy because they have three trillion dollars of underfunded pensions, thanks to public...
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not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i suspect the president will approve the pipeline, but i could be wrong. gerri: as you know, the governor of nebraska said it will change the root of the pipeline and make it go around and offered that supplies water to the state of nebraska and other folks. is this going to be enough to satisfy the greenies out there? will the environmentalist be happy? >> it won't satisfy the environmentalists because there have always been to arguments. the first is the potential impact on the offer. that has been addressed somewhat by this change in the pipelines course. not enough for the environmentalists. the second issue has not been addressed here, which is the impact on climate change. the argument in criminalists offer is reducing the crude oil shipping into the gulf coast means more greenhouse gases in the hemisphere. tar sands are very carbo
not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i suspect the president will approve the pipeline, but i could be wrong. gerri: as you know, the governor of nebraska said it will change the root of the pipeline and make it go around and offered that supplies water to the state of nebraska and other folks. is this going to be enough...
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economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself back on stable footing which then cascades to the rest of the world. >> reporter: how much does it hurt the economy if we don't confront this? >> it hurts us tremendously. it hurts the confidence of the u.s., it hurts the confidence of the c.e.o.s to know how do i invest? what are the rules going to be? and we've got to get back to believing that business is good. american business is good. >> reporter: erdoes is making her fourth trip to the world economic forum in davos. the talk here is of recovery. does the atmosphere feel a little better this year? >> it fee
economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself...
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪
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. >> we determined that a md yearn economy requires railroads and highways. >> jon: together we built the jersey turnpike. i looked it's not the same level, then they created the ex-pass. not everybody got one. if you are going from see caucus to bordentown, what are you going to do? take the garden state? it's absurd. it's big is what i'm saying. we ended slavery and built roading to. mr. president, what would you have us do next? >> we will respond to the threat of climate change. some may deny the overwhelmingly judgment of science but none can avoid the devastating impact of the fires, crippling drought and more powerful storms. >> jon: oh (bleep). [ laughter ] we don't need a president we need the last air vendor. but perhaps the line that got the most attention in obama's speech was this one. >> we, the people, declared today that -- declare today that the most evident of truths that all of russ created equal is the star that guides us still. just as it guided our forbearers through seneca falls and the selma and stonewall. >> jon: i believe it's the first time a president has n
. >> we determined that a md yearn economy requires railroads and highways. >> jon: together we built the jersey turnpike. i looked it's not the same level, then they created the ex-pass. not everybody got one. if you are going from see caucus to bordentown, what are you going to do? take the garden state? it's absurd. it's big is what i'm saying. we ended slavery and built roading to. mr. president, what would you have us do next? >> we will respond to the threat of climate...
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will be tied trying to keep a lid on domestic anger half of his radios are more concerned about the economy then making peace with the palestinians or dealing with iran's nuclear ambitions but it's precisely these issues that see israel on a coalition course with the international community continuing to build new settlements. daily not weekly. this is really a very powerful signal to the palestinians to the. community that is not willing to move for the long road of two state settlement this settlement was founded nearly thirty years ago by just fifteen families it's since grown fifty fold at a rate of about one hundred families a year for the world to tell me that if i'm going to build a summer whole want to have kilometer of course on my house is an obstacle to peace is absurd the sects are such that jews came back to their land the facts are such that we as a population are growing i am not willing to move from our house for what. for what peace netanyahu has vowed that the days of uprooting jews are behind he needs the support of the settlers and right wing parties if his coalition is
will be tied trying to keep a lid on domestic anger half of his radios are more concerned about the economy then making peace with the palestinians or dealing with iran's nuclear ambitions but it's precisely these issues that see israel on a coalition course with the international community continuing to build new settlements. daily not weekly. this is really a very powerful signal to the palestinians to the. community that is not willing to move for the long road of two state settlement this...
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and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the drugs themselves. and we need a different approach. i think it's also gaining ground in america because of the financial crisis where putting nonviolent offenders in prison is very expensive. in california, you're spending more on the prison system than on the education system. i find that totally unacceptable. >> that's amazing. >> so i think there's change in the wind. >> george, good to have you on the program. thanks very much. >> my pleasure. >> george soros joining us. bill, back to you. >> let's send it over to bertha coombs. >> to the mattresses. 9 1/2 position on this stock. tempur-pedic stopped expectations af
and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the...
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Jan 24, 2013
01/13
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economy is terrible and someone got reelected. thanks for being on. >> thanks for having me, i appreciate it. melissa: phil mickelson gets tiger woods in his corner over california taxes. when will they stop this brutal slice of the rich? our power panel has the answers. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this story all week. golf superstar phil mickelson might be leaving his home state of california because he ising soaked by high taxes n 2013 top earners in california could be paying 53% of the their income in taxes. that is amazing, we have only heard this from one prominent california resident so far that is. will this start an exodus from the golden state to tax-free havens like florida and texas? our "money" power panel has all the answers. dave porter. ear run mcclear was the press secretary for california governor arnold schwarzenegger. we have jerry web
economy is terrible and someone got reelected. thanks for being on. >> thanks for having me, i appreciate it. melissa: phil mickelson gets tiger woods in his corner over california taxes. when will they stop this brutal slice of the rich? our power panel has the answers. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this...
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Jan 24, 2013
01/13
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economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not. >> i think that while they have a lot of pressure stacked against them, declining labor force, overinvestment, corruptions, scandals, at the same time they've done fairly well dealing with a lot of different problems at one time. >> i thought we learned through the example of the soviet union that central planning is good at mobilizing resources but is not good at sustaining innovation, not good at sustaining incentives for real long term growth. >> reporter: and yet, given all the trillions the country has amassed over the
economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not....
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Jan 24, 2013
01/13
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economy is set to grow by 37%. the federal government will spend more than $4.4 trillion on the program over that time. and according to the national governors association, medicaid represents the single largest portion of total state spending accounting for an estimated of 26.63% of state budgets next year. or last year actually. so between medicare and medicaid, we have two programs that threaten to swallow up not only the federal government, but state governments as well. we simply cannot afford to keep these programs running on auto pilot nor can we afford to just tinker around the edges when we talk about reform. if we're serious about dressing our nation's debt, medicare and medicaid need structural reforms. today i want to lay out five preserving reform proposals that can help to rein in entitlement spending and put our nation on a better fiscal course. these are reasonable, rational ideas that have all enjoyed bipartisan support over the years. i believe they should be included in any deficit-reduction pack
economy is set to grow by 37%. the federal government will spend more than $4.4 trillion on the program over that time. and according to the national governors association, medicaid represents the single largest portion of total state spending accounting for an estimated of 26.63% of state budgets next year. or last year actually. so between medicare and medicaid, we have two programs that threaten to swallow up not only the federal government, but state governments as well. we simply cannot...
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Jan 24, 2013
01/13
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economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not. >> i think that while they have a lot of pressure stacked against them, declining labor force, overinvestment corruptions, scandals, at the same time they've done fairly well dealing with a lot of different problems at one time. >> i thought we learned through the example of the soviet union that central planning is good at mobilizing resources but is not good at sustaining innovation, not good at sustaining incentives for real long term growth. >> reporter: and yet, given all the trillions the country has amassed over the
economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not....
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Jan 24, 2013
01/13
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FOXNEWS
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> you've heard about celebrities fleeing france because of high taxes. is the same thing about to happen to california? pro golfer phil mickleson saying the new california tax rate may force him to make drastic changes of his own like moving right out of california, but tonight, does mickleson regret saying that? >> i love this country and i love the opportunities that's afforded me to be successful and to do what i love. and so, i've never had a problem with that before. i've never had a problem paying my fair share. my apology is for talking about it publicly because i shouldn't take advantage of the forum that i have as a professional golfer to try
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> you've heard about celebrities fleeing france because of high taxes. is the same...
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Jan 24, 2013
01/13
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FBC
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economy grows 2% this next year. i would be more positive than that looking out over the year, i think a lot of people think that will not happen. cheryl: steve cohen in davos at the world economic forum, but in stand jfn ford, connecticut scrambling for row depletions. there's an fcc investigation into the company, and what are they saying. what do you think knows? the man next to me now, charlie. >> you know, it's funny that, you know, when people heard the story, doing it, they think i'm burying the lead. the big story here is that steve cohen is in davos. cheryl: raising money? shaking hands? >> good point. as we know, as we were first to report, they are expecting massive redemptions amid the investigations as well as the criminal probe into the fund managers where cohen was involved, though, it's unclear whether he knew inside information was passed around. that's what's going on. it's clear that the government wants to make a case criminal and civil against cohen, and fcc capital. here's what they are saying,
economy grows 2% this next year. i would be more positive than that looking out over the year, i think a lot of people think that will not happen. cheryl: steve cohen in davos at the world economic forum, but in stand jfn ford, connecticut scrambling for row depletions. there's an fcc investigation into the company, and what are they saying. what do you think knows? the man next to me now, charlie. >> you know, it's funny that, you know, when people heard the story, doing it, they think...
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Jan 24, 2013
01/13
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stuart: rich people -- >> stimulate the economy. everyone working on the job, 100 or so employees are working, middle-class americans who are getting employment as a result of our ability to self-come people and one of the reason they are going to florida, why are they going to florida? they don't pay income tax. stuart: are your building project union free? >> some are. miami is a right to work state. we use union labor when it is the best qualified product. stuart: we appreciate that. i am going to move on to obamacare. most of the provisions do not kick in until next year but that has not stopped insurance companies from making us pay more for than now this year. joining us now, american health insurance plan spokesperson. i have three questions for you. if health-insurance premiums, the cost is going up, how much is it going up for those people who are individuals buying their own health insurance. what the in the you see this year? >> that is a good question and you are right. most of the reforms are going into effect in 2014 b
stuart: rich people -- >> stimulate the economy. everyone working on the job, 100 or so employees are working, middle-class americans who are getting employment as a result of our ability to self-come people and one of the reason they are going to florida, why are they going to florida? they don't pay income tax. stuart: are your building project union free? >> some are. miami is a right to work state. we use union labor when it is the best qualified product. stuart: we appreciate...
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Jan 24, 2013
01/13
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> many questions na are-- that are unanswered and the answers that you've frankly given this morning are not satisfactory to me he. why is it the administration refuses to give the-- to the talking points. why do we care? because if the classified information had been included it gives an entirely different version of events to the american people. going to the american people and tell them what happened, then you ought to have your facts straight. >> greta: senator john mccain confronting secretary of state hillary clinton about the benghazi attack, the attack that left ambassador chris stevens and three others dead. why wasn't he satisfied with the a
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> many questions na are-- that are unanswered and the answers that you've frankly...
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and stays a habit of the icy outlook and the state of the british economy. here to pick all of our b s's five hundred million pound live or buy. that's right the bank while it was owned by the people went out and to show their appreciation and commit a massive act of financial terrorism and they said good british people again pay us again pains again we know you worship stones and rocks and you don't know what money is just give us all your money and the people here in the u.k. are like yes yes banks will do whatever you want. north korea has warned about full fledged confrontation with washington promising to conduct a rocket to launch a nuclear test telling the u.s. the threats come a day after the u.n. security council expanded functions against pyongyang for its rocket launch in december and the story now drawing lines but it's cold. not very nice to have you on the program so how much of a threat does north korea really pose to the u.s. and its allies. i don't believe believe that there's a process is a very dangerous threat to the united states militar
and stays a habit of the icy outlook and the state of the british economy. here to pick all of our b s's five hundred million pound live or buy. that's right the bank while it was owned by the people went out and to show their appreciation and commit a massive act of financial terrorism and they said good british people again pay us again pains again we know you worship stones and rocks and you don't know what money is just give us all your money and the people here in the u.k. are like yes yes...
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Jan 24, 2013
01/13
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that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an international bailout in 2011, the first time the country issue long-term bonds on the open market since then. then at a positive step for portugal [applause] finances, but the picture is still grim for many ordinary people. >> portugal faces another year of recession this year, and one in six people are out of work. that is a record. many people are giving up hope altogether and trying their luck abroad, not just in europe, but further afield as well. >> we met so
that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the...
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Jan 24, 2013
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budget battles are the biggest threat to the world economy, and many say they're holding back investments until they see republicans and democrats working together. mcdonald's will go fish next month. the fried nuggets are made from the say fish from the fillet sandwich. they aren't going to reverse the disappointing sales. that is america's money, have a terrific thursday. ♪ ♪ [ male announcer ] from our nation's networks... ♪ ♪ ...to our city streets... ♪ ♪ ...to skies around the world... ♪ ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. >> greetings from the catalog for philanthropy. for more information on bright beginnings' and other non- profits featured in the catalog check out our web site. >> good morning, washington. >> that could be you. absolutely. send us a short video of your gourd -- good morning washington greeting, and we may play it on the air. >> it is really easy. male as a 15 second
budget battles are the biggest threat to the world economy, and many say they're holding back investments until they see republicans and democrats working together. mcdonald's will go fish next month. the fried nuggets are made from the say fish from the fillet sandwich. they aren't going to reverse the disappointing sales. that is america's money, have a terrific thursday. ♪ ♪ [ male announcer ] from our nation's networks... ♪ ♪ ...to our city streets... ♪ ♪ ...to skies around the...
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Jan 24, 2013
01/13
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FBC
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the table is set for the economy to do well. connell: one of the many influential leaders over there in davos. liz is live with us now with another one of those leaders. take it away. liz: what jamie dimon met by good policy was in essence of the grand bargain of sorts that would put a end to all the questions about spending and taxation so businesses could go forward. those questions will always be there. jpmorgan just came out with great earnings last week. what you see there is they can do business in any kind of atmosphere. there was not as much complaining by jamie dimon this time around about all the legislation. john chambers of cisco, they route all of the big events. in fact, they wanted the entire london olympics. they brought that up. i talked about how that is one american company that is at least maintaining that leadership. here is what john chambers said. >> we were very fortunate. a big partner with media. the point that you sent mail for, and thank you for it, we bring video to life that we changed productivity,
the table is set for the economy to do well. connell: one of the many influential leaders over there in davos. liz is live with us now with another one of those leaders. take it away. liz: what jamie dimon met by good policy was in essence of the grand bargain of sorts that would put a end to all the questions about spending and taxation so businesses could go forward. those questions will always be there. jpmorgan just came out with great earnings last week. what you see there is they can do...
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Jan 24, 2013
01/13
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CNBC
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what's happening now if the economy's getting better for the airlines? the seats are being filled, raising prices. for trucks, there's more commerce domestically, more to ship. the stabilization in europe and the nation is gigantic, every bit as important for united parcel as the huge orders from amazon. and, yes, we're paying more for the rails because we have to believe that coal has bottomed down 19% because electric will rise. meanwhile auto for woods and homes as long as grains, oil all need to be moved to where they're needed. the bottom has been reached, the gross margins can climb because they can be put through, right through along with the larger volumes and the stocks go higher. we're seeing the same thing with the industrials. as we know from watching boeing go higher, the best example because the rally is happening despite the dreamliner's many woes. if it can go higher, why can't the industrials not climb? how does caterpillar go higher despite the huge chinese scandal? simple, because we're starting to build things in this country, things
what's happening now if the economy's getting better for the airlines? the seats are being filled, raising prices. for trucks, there's more commerce domestically, more to ship. the stabilization in europe and the nation is gigantic, every bit as important for united parcel as the huge orders from amazon. and, yes, we're paying more for the rails because we have to believe that coal has bottomed down 19% because electric will rise. meanwhile auto for woods and homes as long as grains, oil all...
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this stage of the british economy. pair to pick up bulk of r.b.s. is five hundred million pound lie bore by. the bank while. the people went out to show their appreciation to commit a massive financial terrorism and i said good british people again it is again we know you worship stones and you don't know what money is just give us all your money and the people here in new york they're like yes yes banks will do whatever you want. north korea has warned of a full fledged confrontation with washington promising to conduct a rocket to launch a nuclear test targeting the u.s. they come a day off to the your security council expands the sanctions against pyongyang launching december north korea insists it was launching a peaceful settlement while its southern neighbor and the do was believe it was testing and the range missile. hillary clinton has admitted as the arab spring uprisings of course is the conditions for expanding terrorism in one of her last public appearances as u.s. secretary of state he testifies to congress about last year's deadly atta
this stage of the british economy. pair to pick up bulk of r.b.s. is five hundred million pound lie bore by. the bank while. the people went out to show their appreciation to commit a massive financial terrorism and i said good british people again it is again we know you worship stones and you don't know what money is just give us all your money and the people here in new york they're like yes yes banks will do whatever you want. north korea has warned of a full fledged confrontation with...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines comes a report. this is a. north korea has warned of it for a confrontation with washington promising to conduct a rocket launch underneath that test. was the threats come a day after the u.n. security council explained as the u.s. sanctions against pyongyang for its rocket launch in december north korean says it was launching a peaceful satellite while its southern neighbor and the u.s. believe it was testing a known range missile. hillary clinton. has admitted as the arab spring uprisings and forces the conditions of expanding terrorism in one of her last public appearances as u.s. secretary of state he testifies to congress about last year's deadly attack on the american consulate in the libyan city of benghazi oh he's going to take problems we heard secretary of state acknowledge that the revolutions in that we can have led to the spread of extremism on the revolutions she said it's a great opportunity for the united states but also a great threat
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines comes a report. this is a. north korea has warned of it for a confrontation with washington promising to conduct a rocket launch underneath that test. was the threats come a day after the u.n. security council explained as the u.s. sanctions against pyongyang for its rocket launch in december north korean says it was launching a peaceful satellite while its...
SFGTV2: San Francisco Government Television
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Jan 24, 2013
01/13
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under mayor newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda packet and i'm going to be held accountable if you don't meet it. roslyn, let's pick up on tom's passion. he told me a couple points that are important, that is the consciousness awareness, this growing consciousness around bullying. and it's a question i guess that requires, has bullying gotten worse or have we gotten better to begin to recognize it? >> hard to know. tom and the president refer to as far too often as a rite of passage. we certainly are seeing evidence in ways that i don't recall, the levels of violence, the vitriolic violence, it's not just coming from the back of the school, it's co
under mayor newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda...
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Jan 24, 2013
01/13
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effective what, they mean is they've lined up support for sanctions and they're hurting the iranian economy. but the-- unfortunately, the-- what hasn't yet happened is it hasn't slowed down the program to a point
effective what, they mean is they've lined up support for sanctions and they're hurting the iranian economy. but the-- unfortunately, the-- what hasn't yet happened is it hasn't slowed down the program to a point